Thermon Group Holdings, Inc. (NYSE:THR) Receives Consensus Recommendation of “Hold” from Brokerages

Thermon Group Holdings, Inc. (NYSE:THR) has been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $57.00.

THR has been the subject of several research analyst reports. Craig Hallum cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Zacks Research lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, CJS Securities lowered shares of Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 25th.

Hedge Funds Weigh In On Thermon Group

A number of hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC raised its stake in Thermon Group by 2.3% during the third quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock valued at $383,000 after buying an additional 327 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Thermon Group by 18.5% in the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after acquiring an additional 409 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Thermon Group by 5.5% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,091 shares of the technology company’s stock worth $375,000 after acquiring an additional 525 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after acquiring an additional 620 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Thermon Group by 2.2% in the 3rd quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock valued at $1,019,000 after acquiring an additional 807 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Up 0.3%

Shares of NYSE THR opened at $51.19 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. Thermon Group has a 1 year low of $23.05 and a 1 year high of $58.56. The stock’s 50-day simple moving average is $48.04 and its 200-day simple moving average is $38.08. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 29.09 and a beta of 0.71.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The firm had revenue of $147.31 million during the quarter, compared to the consensus estimate of $138.35 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. Thermon Group’s revenue for the quarter was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, equities analysts anticipate that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.